CoinDesk Podcast Network THE MINING POD: How CoreWeave's Neocloud Business Model Works
Jul 8, 2025
Dive into CoreWeave's incredible transformation into a $75 billion giant, leveraging its NeoCloud model to intertwine Bitcoin mining with AI cloud services. Discover how major players like Microsoft and OpenAI influence revenue, and why other miners are rushing to partner with AI providers. The podcast explores the profitability of GPU rental versus traditional mining, alongside innovative energy strategies that could redefine the industry. Tune in for insights on market dynamics, strategic GPU acquisitions, and the future landscape of mining and AI.
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CoreWeave's NeoCloud GPU Edge
- CoreWeave's NeoCloud model strips out software layers, offering raw GPU compute for AI training.
- This results in faster instance spin-up and lower latency compared to traditional hyperscalers like AWS.
CoreWeave's Scale and Status
- CoreWeave manages over 250,000 GPUs globally, standing out as the only non-hyperscaler at this massive scale.
- Their bare metal approach gives them a hyperscaler reputation in high-performance AI compute.
Early GPU Access Advantage
- CoreWeave secures long-term contracts with major miners and has a strong NVIDIA relationship.
- Early GPU access enables better profit margins through superior GPU lifecycle economics.